BlackRock to Launch its Own Trading Platform

BlackRock, which manages $3.4 trillion of assets for investors, will launch its own trading platform inside the firm, according to the Financial Times.

The world’s largest money manager moved its headquarters last year "in part to make room for the expanded trading business,'' the news service reported. The firm's founder and chief executive, Larry Fink, has criticized Wall Street firms for the "luxurious" profits they earn from trading.